Newmark Group, Inc. (NASDAQ:NMRK) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Jason McGruder - Head of Investor Relations Barry Gosin - Chief Executive Officer Mike Rispoli - Chief Financial Officer Luis Alvarado - CRO & East Region Market Leader Conference Call Participants Connor Mitchell - Piper Sandler Jade Rahmani - KBW Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen, good day, and welcome to the Newmark Group 3Q 2024 Financial Results Call. To ...

Financial Data and Key Metrics Changes - The company raised its earnings per share (EPS) guidance for 2024 to a range of $3.85 to $3.95, which is $0.05 higher at the midpoint than the original guidance [5] - Net income for the third quarter was $19.3 million or $0.34 per diluted share, compared to $25.2 million or $0.45 in the same period last year [12] - Operations and maintenance (O&M) expenses were up 5% year-to-date compared to 2023, consistent with long-term guidance but slightly favorable to the 2024 plan [9][12] Business Line Data and Key Metrics Changes - The company experienced a $17.5 million increase in revenue from new rates, partially offset by an $11.5 million increase in interest expense [12] - The Kansas rate case settlement resulted in a net increase of $35 million, with new rates effective from November 1 [16] - The Central Gulf rate case in Texas is pending final commission approval, which includes a $19.3 million rate increase [17] Market Data and Key Metrics Changes - The company noted a firming in customer activity towards the end of 2024, although higher mortgage rates have slowed down homebuyer movement [25][26] - There has been a pickup in housing permits, indicating a potential recovery in the market [26] Company Strategy and Development Direction - The company plans to continue executing its financial plan in line with the updated guidance and aims to finish 2024 within the planned capital budget of $750 million [18][15] - The focus remains on operational execution and regulatory outcomes to support growth and maintain a strong balance sheet [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong finish to the year and the opportunities that await in 2025 [19] - The company is not assuming any further rate cuts for 2024 in its guidance, despite recent Fed actions [32] Other Important Information - The Board of Directors declared a dividend of $0.66 per share, unchanged from the prior quarter [15] - The company has satisfied its 2024 equity needs through forward settlement agreements covering approximately 3.6 million shares [13] Q&A Session Summary Question: Timing of 2025 guidance - Management confirmed that guidance for 2025 will be issued in December, following a cadence established to allow for open discussion before the December Utility Week meetings [20] Question: O&M expense trajectory - Management indicated that a declining trajectory in O&M expenses is expected moving forward, with successful cost management efforts yielding favorable results [21] Question: Rate base cadence and filings - Management stated that a full rate case filing in Oklahoma is required by June 30, 2027, and that Kansas will continue with annual GSRS filings [22][23] Question: Customer growth trends - Management noted a slight firming in customer activity but acknowledged the impact of higher mortgage rates on homebuyer movement [25][26] Question: Interest expense and long-term debt - Management discussed plans to reduce commercial paper balances through upcoming financing settlements and emphasized the importance of matching long-term financing needs [27][28] Question: Bad debt expense normalization - Management indicated that bad debt expenses have normalized and are back to regular functioning, with no significant changes expected [29]

NeoGenomics, Inc. (NASDAQ:NEO) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Kendra Sweeney - Vice President, Investor Relations and ESG Chris Smith - Chief Executive Officer Jeffrey Sherman - Chief Financial Officer Warren Stone - Chief Commercial Officer Kareem Saad - Head, Strategy and Transformation Andrew Lukowiak - Chief Innovation Officer Nate Montgomery - Vice President, Medical Services Melody Harris - Chief Operations Officer and President, Informatics Conferenc ...

Primoris Services Corporation (NYSE:PRIM) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference Call Participants Pete Lukas - CJS Securities Adam Bubes - Goldman Sachs Drew Chamberlain - JPMorgan Kevin Gainey - Thompson Davis Brent Thielman - D.A. Davidson Judah Aronovitz - UBS Alex Hantman - Sidoti Operator Ladies and gentlemen ...

Ingredion Incorporated (NYSE:INGR) Q3 2024 Results Conference Call November 5, 2024 9:00 AM ET Company Participants Noah Weiss - Vice President, Investor Relations Jim Zallie - President and Chief Executive Officer Jim Gray - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Theurer - Barclays Kristen Owen - Oppenheimer Josh Spector - UBS Heather Jones - Heather Jones Research Operator Good day, and thank you for standing by. Welcome to the Q3 2024 Ingredion Earnings Conf ...

MPLX LP Common Units (NYSE:MPLX) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Kristina Kazarian - Vice President Finance and Investor Relations Maryann T. Mannen - President and Chief Executive Officer Kristopher Hagedorn - Executive Vice President and Chief Financial Officer Gregory S. Floerke - Executive Vice President and Chief Operating Officer David R. Heppner - Senior Vice President Shawn M. Lyon - Senior Vice President Logistics and Storage Conference Call Partici ...

CONSOL Energy Inc. (NYSE:CEIX) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Nathan Tucker - Director, Finance and Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President and Chief Financial Officer Bob Braithwaite - Senior Vice President, Marketing and Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Michael Dudas - Vertical Research Operator Good morning, ladies and gentlemen, and welcome ...

Start Time: 09:00 January 1, 0000 10:12 AM ET Builders FirstSource, Inc. (NYSE:BLDR) Q3 2024 Earnings Call November 05, 2024, 09:00 AM ET Company Participants Dave Rush - CEO Peter Jackson - CEO designate and CFO Pete Beckmann - CFO designate Heather Kos - SVP, IR Conference Call Participants Matthew Bouley - Barclays Charles Perron-Piche - Goldman Sachs Mike Dahl - RBC David Manthey - Baird Rafe Jadrosich - Bank of America Philip Ng - Jefferies Jay McCanless - Wedbush Jeffrey Stevenson - Loop Capital Steve ...

Ballard Power Systems Inc. (NASDAQ:BLDP) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Sumit Kundu – Manager and Investor Relations Randy MacEwen – Chief Executive Officer Kate Igbalode – Chief Financial Officer Conference Call Participants Rob Brown – Lake Street Capital Markets Jordan Levy – Truist Securities Saumya Jain – UBS Ameet Thakkar – BMO Capital Markets Craig Shere – Tuohy Brothers Rupert Merer – National Bank Mac Whale – Cormark Securities Martin Malloy – Joh ...

Portillo’s Inc. (NASDAQ:PTLO) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Kyle Nelsen – Vice President, Investor Relations Michael Osanloo – President and Chief Executive Officer Michelle Hook – Chief Financial Officer Conference Call Participants Sharon Zackfia - William Blair David Tarantino – Baird Jim Salera – Stephens Inc. Brian Harbour – Morgan Stanley Chris O’Cull – Stifel Brian Mullan – Piper Sandler Sara Senatore – Bank of America Gregory Francfort – Guggenhei ...